Para 10.6 — CAM

10.6 UTILISATION CERTIFICATES 10.6.1 Normally, receipt of a utilisation certificate from the loan sanctioning authority shall be ensured in all cases of payment of loans. Utilization certificates however are not required to be submitted in cases where the loans are sanctioned for

(a) financial aid to public undertakings etc. to tide over a temporary financial crisis

(b) financing of their approved capital outlay and

(c) loans given to State Governments and UT Governments. Utilization Certificate must be obtained in Form 12-B of GFR, 2017 and at such intervals as agreed between Accounts Offices and Ministry/Department.